In this month's Market Update, you'll find many articles to explain recent developments in taxation, audit, legal, and accounting in Russia. Let us know if you have any questions. You can now watch fragments of Alinga's popular webinars on its growing YouTube channel (in Russian).
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Choosing a Service Provider
Let’s talk about what really interests you.
Five Legal Reforms In The Pipeline For Business In Russia
What's coming up for business in Russia?
Tax Optimization: Adapting To The New Rules
To replace the concept of "unreasonable tax benefits," a tax law standard has been introduced that restricts the rights of taxpayers to reduce taxes and tax bases.
Five Reasons To Conduct A Tax Audit
We can see here that the advantages of using audit services can more than pay for themselves.
Transfer Pricing (Documentation Standards)
An comprehensive overview of transfer pricing in Russia.
FSC Russia: «Audit helped us to improve the work of the organization»
Audit results can and should be used to further develop the organization audited. But how can you find an auditor who can help make this happen? How will the auditor do it and what can they offer you? The Director of the NGO, Forest Stewardship Council (FSC Russia), Andrey Ptichnikov and the organization’s Chief Accountant Elena Vizintal shared their experience in finding an auditor who was right for the job.
Review Of Recent Changes To Tax-Related Legislation In The Russian Federation
This monthly Russian-language service from Alinga and regular feature of the Alinga Market Update is designed to bring your financial personnel a broad view of recent changes to the Russian Tax Code. Forward this link to them!
Japan And Russia Sign Double Taxation Agreement
The agreement was signed on September 7, 2017, and covers, for example, taxation of income from fixed assets, profits from business activities, profits from sea and air transportation, dividends, income from copyright and licenses, as well as personal income.
VAT Applicable To Videoconferencing Services Rendered By Russian Organizations To Foreign Organizations
Russia's Ministry of Finance has stated that, if videoconferencing services are provided by a Russian organization to a foreign organization, for tax purposes, the service is recognized as provided within the territory of the Russian Federation. Thus, VAT is to be charged for such services.
Stricter Punishment For Employing Foreigners Illegally Proposed
To punish employers who do not sign labor or civil law contracts with a foreigner or stateless person they employ, Russia's Ministry of Internal Affairs has proposed much larger fines and forced administrative suspension.
Time Limits On Voluntary LLC Liquidation Now In Force
Under the new rule, the maximum period for voluntary liquidations is one year. The participants in the company or decision making body that made the decision on liquidation will determine the period within that limit. It can be extended by court ruling, but not by more than six months.
World Bank: Russia Rises to 35th Place in Doing Business
According to the World Bank, Russia now is considered the 35th easiest country (out of 190 countries) to do business in the world.
Russian Fund Plans a $1 Billion Mining Venture With China Gold
Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal.